Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Futures Markets and the Fluctuations in Inflation, Monetary Growth, and Asset Returns

Robert J. Barro
The Journal of Business
Vol. 59, No. 2, Part 2: Futures and Options Markets (Apr., 1986), pp. S21-S38
Stable URL: http://www.jstor.org/stable/2352780
Page Count: 18
  • Read Online (Free)
  • Download ($14.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Futures Markets and the Fluctuations in Inflation, Monetary Growth, and Asset Returns
Preview not available

Abstract

Inflation and nominal interest rates have been volatile in recent years. Futures contracts in price indices would help in this environment by enhancing information about prices and by providing a convenient means for people to hedge against inflation. There is some evidence that the availability of these instruments would encourage investment and reduce the mean real rate of return on long-term bonds. Indexed bonds-which are now significant in Britain-serve a similar purpose. In the absence of such bonds, there would be a market for price-index futures, although the volume of trading would probably be modest.

Page Thumbnails

  • Thumbnail: Page 
S21
    S21
  • Thumbnail: Page 
S22
    S22
  • Thumbnail: Page 
S23
    S23
  • Thumbnail: Page 
S24
    S24
  • Thumbnail: Page 
S25
    S25
  • Thumbnail: Page 
S26
    S26
  • Thumbnail: Page 
S27
    S27
  • Thumbnail: Page 
S28
    S28
  • Thumbnail: Page 
S29
    S29
  • Thumbnail: Page 
S30
    S30
  • Thumbnail: Page 
S31
    S31
  • Thumbnail: Page 
S32
    S32
  • Thumbnail: Page 
S33
    S33
  • Thumbnail: Page 
S34
    S34
  • Thumbnail: Page 
S35
    S35
  • Thumbnail: Page 
S36
    S36
  • Thumbnail: Page 
S37
    S37
  • Thumbnail: Page 
S38
    S38